3.3% the Average Increase of the Inflation Rate for November 2017

3.3% the Average Increase of the Inflation Rate for November 2017

The monthly report on inflation in Jordan issued by the Department of Statistics indicates that the Consumer Price Average (Inflation) reached 120.4 in Nov 2017 against 116.6 for Nov 2016 recorded an increase of 3.3%..The main commodities groups, which contributed to this increase, were “Transport” 10.0% representing 1.3 percentage points “Rents” 2.9% representing 0.4 percentage points, “vegetables, canned and dries legumes” by 9.6% representing 0.4%, “Tobacco and cigarettes” 6.9% representing 0.3 percentage points, “meats and poultry ” by 2.3% representing 0.2 percentage points. Meanwhile, the main commodities groups which witnessed a decrease in their prices were “clothes” 2.6%,” Fruits and nuts” 2.4%, “Shoes” 1.7% and “fish and sea products” by 0.9%.

The Consumer Price Average for Nov 2017 has increased by 0.2% compared with the previous month (Oct) 2017.The main commodities groups which contributed to this increase were “vegetables, canned and dries legumes” by 4.1% representing 0.1 percentage points, “meat and poultry” 1.6% representing 0.1 percentage points, “oil and fats” 2.5% representing 0.04 percentage points “clothes” 1.6%” representing 0.03 percentage points and “ cereals and products” 0.2% representing 0.01 percentage points. Meanwhile, the main groups which witnessed a decrease in their prices were “yoghurt and its products and egg” 2.7%, “ fruits and nuts” 4.1%, “sugar and its products” 0.1% and “ tobacco and cigarette” by 0.02%.

The report also shows that the Consumer Price Average for the 1st eleven months of 2017 has increased by 3.3% while it was (0.9%) in 2016. The main commodities groups which contributed to this increase were “Transport” 13.0% representing 1.7 percentage points, “rents” 2.5% representing 0.4 percentage points, “Tobacco and cigarettes” by 8.0% representing 0.3 percentage points, “vegetables, canned and dries legumes” by 5.2% representing 0.2 percentage points and “health” by 8.7% representing 0.2 percentage points. Meanwhile, the main commodities groups which witnessed a decrease in their prices were “meat & poultry” 5.5%, “Fruits and nuts” 3.2%,“Clothes” 2.9%, and “cereals” 0.2%.

As for the core inflation of the consumer Price index for Nov. 2017 (which is calculated after excluding the most fluctuating commodities’ prices of food, fuel and lighting and transport group) it has reached 126.6 against 124.0 during the same month of 2016 recording an increase of 2.1%.